When should you lay a bet?
It is a type of bet that is placed when you are selling a bet, rather than buying a bet. It is generally placed by punters who play the role of bookmaker, hence “lay betting”. It also goes by the terms of matched betting, arbitration or arb betting.
What does laying a bet mean?
In a way, a lay bet is the stark opposite of a back bet. While in a back bet, you essentially say “this horse will win”, in a lay bet you are betting that a particular horse will not win. Therefore, when you place a lay bet on a horse, you are staking money on it not to win.
How do lay bets make money?
A lay bet is actually betting on the odds of non-occurrence of an event. You don’t want an event to occur, and you are putting your money on such odds. When the even doesn’t occur, such as a team does not win a football match or a horse does not win a race, you win a profit margin on your lay bet.
Why would you place a lay bet?
Some people lay a bet because they think the price is too short. Others will lay first, then look to back the same selection later in-play – that’s called Trading. Laying need not be scary – you are in full control of how much you wish to risk and how much you could win.
How does a lay bet work?
A Lay bet is when you bet on an outcome not to happen. For example, if you placed a bet with us on a horse not to win a race, bet on a football team not to win a game or bet on a golfer not to make a birdie on a particular hole. In lay betting, you essentially become the bookmaker.
What does a lay bet pay?
LAY BETS PAYOFFS AND COMMISSION
Payoffs are commensurate with true odds. If you bet $6 on 6 or 8, a winner will bring you $5. If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1.
What does laying a horse mean?
In horse racing, when you lay a horse, you win if any other horse in the race comes first. If the horse you bet against wins then you lose and have to pay the backer his winnings, which could be a lot more than the stake. So be careful about how much you decide to lay.
Can you make money laying horses to lose?
Laying horses is something many bettors talk about but never do. When faced with taking on a 5.0 shot the potential loss is usually too much to stomach, but laying short-priced horses, especially to place rather than to win, can be a nice steady way to make a profit.